USDJPY - Potential reversal of bearish long-term trend.

FX:USDJPY   U.S. Dollar / Japanese Yen
64 2 3
I hope this time the chart will not be altered on publication.

RSI divergence + strong support from short-term uptrend channel and Kijun-sen could allow price action to finally break the upper Kumo resistance after 3 failed attempts.

Comment: again channel is wrongly represented...

check this one please:
Hi sk12722, not really. I just took a small long position with tight SL 20 pips Under channel support and will add once the pair will have closed above the Kumo and a last one once the Chinkou-span will have rebounded or re-emerged up from the Kumo after retracement.
For targets on take-profit I would rely on the weekly chart taking the Kijun-sen currently at 110.22 as a first target, and would trail stop-loss to break-even when we reach lower Kumo level currently at 107.71 still on weekly.
Reply you have a target and time frame in mind ? rgds
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out